In India where over 60% of population continues to depend on agriculture, farm debt waivers continue to reap political benefits for parties.

Farm loan waiver may have been slammed by the Reserve Bank of India governor as poor economics but it did help the Congress win the states of Madhya Pradesh, Chhattisgarh and Rajasthan recently.

Debt write-offs have recently become entrenched into the political system of India. Earlier Uttar Pradesh Chief Minister Yogi Adityanath had announced a Rs 36,000 crore debt relief package. And Maharashtra CM Devender Fadnavis also granted a waiver to the tune of Rs 34,500 crore.

Over 60% of India's population continues to be agrarian and rural. The number of households dependent on agriculture is a whopping 160 million.

Given the statistics, there are reports that PM Narendra Modi and Amit Shah will make relief for farmers a major part of their electoral strategy.

Watch in 1-Minute: Farm loan waivers – a mega issue in General Elections 2019!Description:In India where over 60% of population continues to depend on agriculture, farm debt waivers continue to reap political benefits for parties.Akrita Reyar